Remittances to Honduras Hit $1 Billion Mark for 2007
TEGUCIGALPA – Hondurans living abroad, mainly in the United States, have sent some $1 billion to relatives back home so far this year, a high-level official said.
Honduran Central Bank chief Gabriela Núñez said the figure is up by some $128 million compared to this time last year, but “the growth rate” of remittances this year was running at 13%, down from the 30% level registered in 2006.
The Central Bank head said remittances are expected to total nearly $3 billion this year, with overall growth tied to the performance of the U.S. construction industry, which provides employment for many immigrants and has been weak in the wake of the collapse of the housing bubble.
In 2006, Hondurans received $2.35 billion from relatives living abroad, more than 25% of the country’s gross domestic product, Núñez said in a report earlier this year.
You may be interested
Former Latin American leaders condemn ‘breakdown in the rule of law’ in El SalvadorThe Tico Times - May 6, 2021
Some 20 former presidents of Spain and Latin America, including Felipe Calderón and Vicente Fox from Mexico, and Álvaro Uribe…
Quepos airport renovations (finally) underwayAlejandro Zúñiga - May 6, 2021
Renovation and expansion of the runway at La Managua Airport in Quepos began Wednesday and will completed before September. "The…
PAHO says region’s hospitals are ‘dangerously full’Ariela NAVARRO / AFP - May 6, 2021
PAHO, the Americas office of the World Health Organization (WHO), warned on Wednesday that hospitals in the region are "dangerously…